Celsius stablecoin sale plan faces objections from securities regulators PlatoBlockchain Data Intelligence. Vertical Search. Ai.

Planul de vânzare a monedelor stabile Celsius se confruntă cu obiecții din partea autorităților de reglementare a valorilor mobiliare

State securities regulators in Texas and Vermont are objecting to crypto lender Celsius’s plan to sell its stablecoin holdings.

The Texas State Securities Board, the Texas Department of Banking and the Vermont Department of Financial Regulation filed their objection today. Celsius wants to sell the stablecoin holdings in order to shore up its finances amid the ongoing bankruptcy proceedings.

Vermont’s lawyers said it’s possible Celsius could use the proceeds to resume potentially illegal activities. They objected on the basis that the Celsius request doesn’t detail how the firm would use the funds, and thus “creates the risk [Celsius] will resume operating in violation of state law.” The filing references the collaborative investigation among 40 state regulators into Celsius’ activities that include potential unregistered activity, fraud and market manipulation.

The Texas agencies filed jointly with similar arguments, calling Celsius’ request to sell its stablecoin “troublingly broad.” Celsius failed to provide sufficient details in their application to sell the stablecoin holdings, according to the Texas filing.

“The Debtors fail to disclose in the Motion how much stablecoin will be sold, and how the monetization of the stablecoin ultimately benefits the bankruptcy estate and the many consumer creditors of the Debtors,” said the Texas filing.

Celsius a întrebat instanța for permission to sell off stablecoin holdings midway through this month after disclosing the proceeds to be around $23 million. At the time, it said it owns “eleven different forms” of stablecoins but did not name the tokens. A hearing on the matter is scheduled for Oct. 6.

The regulators’ objections are a common chorus in the Cazul capitolului 11, which began in July of this year. Throughout the process, parties including autorităţile de reglementare a valorilor mobiliare de stat și mandatarul SUA have continuously cited a lack of clarity from the bankrupt firm.

Instanța appointed an outside examiner on Thursday to produce a third-party report on the firm’s financials. 

© 2022 The Block Crypto, Inc. Toate drepturile rezervate. Acest articol este furnizat doar în scop informativ. Nu este oferit sau intenționat să fie utilizat ca avize legale, fiscale, de investiții, financiare sau de altă natură.

Despre autor

Aislinn Keely s-a alăturat The Block în vara anului 2019. Ea este membră a echipei de politici a punctului de vânzare, ținând apăsat ritmul legal. Înainte de The Block, ea și-a împrumutat vocea afiliatului NPR WFUV, unde a raportat și a ancorat știri pe lângă unele lucrări de podcast. Aislinn este un Fordham Ram mândru și redactor-șef emerit al ziarului său. Când nu scrie sau nu raportează, Aislinn aleargă și cățără pe stâncă.

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